[Short Term] Symmetrical Triangle Formation For Target 31400+

23 Kas 2020

Charts showing symmetrical Triangle pattern formation in banknifty after the bullish move. More chances it will breakout the 29400 levels and continue its bullish rally towards the 31400+. After COVID-19 fall nifty recovered its all gain and trading all-time high but still nearly 3000+ points pending rally in banknifty from its high before the pandemic.

If banknifty trading above 29400 levels then it will touch the 30000 levels within 1-2 trading session. The further downside 1000 points risk is only if it trading below 28900.



Disclaimer: Consider this view as an educational purpose. Before taking any position take advise from your financial adviser.

25 Kas 2020

Not

30000+ 1st target done in today's session

9 Ara 2020

Not

30500+ 2nd target done in today's session